R2: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
R2
Largest movements
- Cash -€159,608
down €159,608 (-87.6%), from €182,169 to €22,561
mainly Other debts (-€127,676) and Tax, wage and social debts (-€27,670)
- Other debts -€127,676
down €127,676 (-56.4%), from €226,304 to €98,628
- Tax, wage and social debts -€27,670
no longer reported in 2025 (was €27,670)
- Profit (loss) carried forward -€3,616
down €3,616 (-4.5%), from -€79,886 to -€83,502
- Gross operating margin +€51,899
up €51,899 (+94.1%), from -€55,174 to -€3,275
- Financial charges -€26,160
down €26,160 (-98.7%), from €26,508 to €348
- Financial income -€3,625
down €3,625 (-99.7%), from €3,636 to €11
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,169 | €22,962 | -€159,207 | -87.4% |
| Current assets | 29/58 | €182,169 | €22,962 | -€159,207 | -87.4% |
| Amounts receivable within one year | 40/41 | - | €401 | +€401 | |
| Other amounts receivable | 41 | - | €401 | +€401 | |
| Cash at bank and in hand | 54/58 | €182,169 | €22,561 | -€159,608 | -87.6% |
| Total equity and liabilities | 10/49 | €182,169 | €22,962 | -€159,207 | -87.4% |
| Equity | 10/15 | -€72,386 | -€76,002 | -€3,616 | -5.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,886 | -€83,502 | -€3,616 | -4.5% |
| Amounts payable | 17/49 | €254,555 | €98,964 | -€155,591 | -61.1% |
| Amounts payable within one year | 42/48 | €254,555 | €98,964 | -€155,591 | -61.1% |
| Trade debts | 44 | €582 | €336 | -€246 | -42.2% |
| Suppliers | 440/4 | €582 | €336 | -€246 | -42.2% |
| Taxes, remuneration and social security | 45 | €27,670 | - | -€27,670 | |
| Taxes | 450/3 | €27,670 | - | -€27,670 | |
| Other amounts payable | 47/48 | €226,304 | €98,628 | -€127,676 | -56.4% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€55,174 | -€3,275 | +€51,899 | +94.1% |
| Operating profit (loss) | 9901 | -€55,561 | -€3,275 | +€52,286 | +94.1% |
| Financial income | 75/76B | €3,636 | €11 | -€3,625 | -99.7% |
| Recurring financial income | 75 | €3,636 | €11 | -€3,625 | -99.7% |
| Financial charges | 65/66B | €26,508 | €348 | -€26,160 | -98.7% |
| Recurring financial charges | 65 | €26,508 | €348 | -€26,160 | -98.7% |
| Profit (loss) for the period before taxes | 9903 | -€78,434 | -€3,613 | +€74,821 | +95.4% |
| Income taxes | 67/77 | €2 | €3 | +€2 | +91.0% |
| Profit (loss) for the period | 9904 | -€78,435 | -€3,616 | +€74,820 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,435 | -€3,616 | +€74,820 | +95.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.